revenue from sales is $40 compare to $100. i am pretty sure that...

revenue from sales is $40 compare to $100. i am pretty sure that the output from this coal mining is tied to longterm contract with WA coal fire generator.


David Cooke, a Nomura analyst in Sydney, said that based on Premier's financial results, the company appears to have earned about A$40 per metric ton from its thermal-coal sales during 2011. Premier doesn't declare its average sales price.

Export prices have hovered around three times that amount over the past year, but long-term contracts with Premier's current customers will make it hard to access that market without significantly raising production.